♪ imus in the morning ♪ >> it's jobs friday, and we have solid numbers for you. good morning, everyone. the rate that the unemployment rate, it went down. jobs were created and better yet, the reports for february and march were revised to show much stronger job growth. the stock market flat-out taking off. the day, however, is not without a big negative. the crisis for obamacare just got worse. south carolina said the new law is null and void. and implementing it will be illegal, and there is a federal lawsuit over who gets the obamacare subsidies. it's been a tough week for the president, hasn't it? "varney & company" about to begin. , 1903, the wright brothers became the first in flight.

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. stuart: all right. everybody, let's get right to the april jobs report. i 'm going to characterize it a solid. 165,000 new jobs created last month. look at the participation rate stayed just over 63%, unchanged from march. what i have to tell you is 210,000 people actually moved back into the work force. no drop-outs. the headline number from february, that was revised to show 332,000 jobs. just in that month. way up from where it was first reported. yeah, we can characterize this as solid. i would imagine that the administration's going to walk this up and talk it up, we're waiting for the official response, but one thing to remember, please, we're still, as of now, 2 1/2 million jobs short of where we were in 2007. now, look at this, please, a massive wildfire raging out of control he in southern california. it reached the beach in ventura county headed towards malibu.

initial reports say that 8,000 acres have engulfed and it's growing overnight. water tanker planes will return to the scene this morning and we are going to update this very big fire. of course what we're really doing is watching your money and the market and today i will tell you stocks just took off on that jobless news. we're looking for a gain of 100 points plus from the dow when that bell rings. we might break, we will probably break more records today. as we always say, watch it live here. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity option.. evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket.

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>> all right. everybody, you're going to like what you see when the wall street trading thing starts today. we're looking at a gain for the dow of maybe 140 points. that would put it very close to 15,000. this is all because of that jobs report, which we're characterizing as solid. here is tres knippa. the unemployment rate down, and 165,000 new jobs. i say that's solid and what say you. >> it appears to be and investors are participating in the the market. the one thing that really impresses me about our market action. earlier when we made the new highs earlier this year, the

nasdaq wasn't participating, in fact, if you overlay the nasdaq versus the s&p, it was kind of stuck in a side ways ranger. now you're seeing the nasdaq really taking some leadership and that's what you need to see in order for this market to go higher. so i'm very impressed with the market breadth here and obviously, i think this market wants to try to move higher. one of the reasons that the jobs number was viewed as positive expectation was 150 and it came in as 165. >> is this a rally across the board? we can see the stocks going across the board. oil, gold, commodities, you name it. everywhere up? >> absolutely. you notice crews two days ago, crude went all the way down to 9 90 bucks and here we are at 95. when he people think we're running into resistance at 100 if the crude gets up there again. i don't think so this time. it wouldn't surprise me to see crude pop through 100 and run up to 110 before it's over. stuart: we're watching it. thank you very much indeed.

okay, let's get back to the stock market and we open trading in 10, 15 seconds. again, i'm looking at the indicators, suggesting a gain of 140 points when he ththis thing starts trading. and the dow, trying to do the math, 14,950, 970, something like that if we get a 140 point rally. we started out on the upside and started slowly. here we go, they're buying, i know there's green signs all across the board for all of the big name stocks. i don't know that there's very much that's down so far this morning, now we're up 24 and we're starting to move. 14-9 here we come. we'll be there, very, very quickly. i've got to moved on to linkedin, that's one of the big stock movers of the day and that's a big forecast and linked to the employment situation, that linkedin for you. nicole, that's a loser in the early going? >> it is, down almost 9% to the

down side. and 184 bucks. they came out with their quarterly report and guidance. the guidance was good, their second quarter revenue is getting everybody certainly. that's what's hitting it. they did have higher memberships and premium subscription and the revenue numbers are a disappointment. >> i'm sorry to start with a negative and one of the few stocks seriously down. and if you look across the board they're up. the dow has now reached 14,900, now, up 76 and still climbing. got a couple of big names for you in the news, solid profits of kraft foods. apparently the company is pouring money and the well-known brands showing some results, too, velveeta cheese, very strong sales up 16% and kool-aid is doing well and yellow, planters, kraft dressing.

and i want to move to gold, and i don't know what's necessarily moving this market this morning, it's actually down a buck at , 14.66 bucking the trend of every other market, 1466. i want to bring in austan goolsbee and all right, gentlemen, rates down, 165,000 new jobs created. i'm calling it solid. and paul conway, let's start with you, how would you characterize it. >> i agree, it's a solid report. especially when you look at the revisio revisions, that's had a positive sign in the right direction. in the fall we had a series of revisions further downward. i think you've seen a correction now and headed in the right direction. the challenge going forward, how do you keep that going? >> yes, sir, austan, i want to see a big smile on your face, there you go. >> what happened to stuart varney? and send him back in, what

happened? >> what do you mean what's happened to stuart varney? >> do we have a guest host? solid, i couldn't believe it. i'm tapping my ear. he did say solid? >> enough with the sarcasm, young man. do you think this jobs report and those revisions in february and march. is that enough for you to say now, finally, we're on the road to a much better, stronger, more robust recovery? >> you know, i wish, but i'm afraid not. you know, i think fundamentally, this was a solid month, that's a good description, and it's plus or minus 100,000. so, any one month doesn't mean much. you see with the unbelievable the size revisions we've got for last month, you can't even tell what the job numbers are after you've seen them. and-- >> wait a minute. >> the fundamental thing is that the growth rate in the economies is still too low. >> what happened to austan

goolsbee, come on back, austan. what happened to you. >> i say that every month. i say it every month. never conclude much from one month's number. the thing is if we grow 1 to 2, job market is not going to grow fast enough. stuart: do you think that 2 1/2% growth for this calendar year, paul, what do you think? >> i think it's a good target to shoot for, but to be honest with you, i think one of the things in addition to the economic growth and i know that austan and i agree he with that. the ongoing thing under the numbers, labor force participation rate 63.3. that's lowest since 1979. we need the growth number higher and i feel strongly about that and i know that austan does, too, i'm not trying to be negative, austan, but i'm looking forward to the summer and here we've got the impact of tax increases, january 1st and

we've got obamacare going at us which might exactly employment. and the sequester cuts that are going to take effect. that why looking towards the summer you you don't have quite the smile on your face that i was expecting? >> yeah, that is. it's why. particularly the sequester, i think, is going to cut a half point off the growth rate. as i've been saying for the last couple of months, that means the forecast was 2 1/2% and if you shave half a point off of that, you're back down to something like 2. the unemployment rate is not going to improve. it's going to start deteriorating a little. i think it's a bit sobering as you look over the short-term future that we're going to take some hits. >> we had 210,000 people come back into the labor force, austan. if a lot more come back in, that would push the unemployment rate back up again, wouldn't it? >> yeah, though, look, that would be a positive development.

i mean, the weakest part of the job market, as we've said many times here, is exactly what paul just said, the labor force participation went down and has not recovered. now, half of that is probably from the aging of the population, but the other half is a lot of people got discouraged, we've got to get those people back in and get them to work. i mean, if we're growing only 2%, even if the labor force participation rate is staying the same, and people aren't coming back in, it might actually get a little worse. so, i think vigilance says -- we've got to keep vigilant. stuart: i don't want to end this on a negative, but i think i'm right in saying our economy in america it bill 2 1/2 million jobs short of where it was in 2007. paul, is that statistically accurate? >> yeah, that's statistically accurate and you're putting a laser point on obamacare and not trying to beat a dead horse with

this thing, the important thing, you have the october 1st deadline and look at what senator baucus says and other things, it's a failure of implementation, there's hesitancy, with the key driver of the economy and hiring and small business, once you reach that 50-person threshold, that's an ongoing issue as we go forward in the summer, at least as strong as sequester. i would argue that obamacare is more on the job growth than sequester. stuart: austan, i hope you'll come back this time next month and i just, i just want to get back to the old austan goolsbee, that's what i want to see. >> and i want to keep having the numbers. >> we miss you, baby. >> gentlemen, thank you. all right. i've got a milestone, we just crossed it and i believe that's the s&p 500. nicole, spell it out. >> that's right, you see the s&p 500 right now is 1614, and obviously, moving above that 1600 mark is a big deal on all-time highs here.

stuart: segue to the dow? all 30 stocks were in the green and now i see we've got two that have slid into the red. and bottom corner. and at&t, changed to unchanged and 29 up, only microsoft had a gain and now it's up, you want to say anything, nicole? >> well, you obviously have a great day on wall street and numbers came in that were better than expected and so far so good. >> how about aig, a name from the past that was just another good name from the past. >> well, everybody remembers aig. it was up headlines every day, you remember that. well, you have the ceo talking about the fact this a dividend could be in the works and they're selling off, and good news for aig shareholders today. >> so, i think i can say this is

a very broad-based rally. >> sure is. >> and the s&p 500 stocks make up that index and crossed 1600 the first time ever and let me put the dow back up. we're 25 and change away from 15,000. >> right. >> and i believe we've got a fancy graphic, if we do cross 15,000, we can't use it yet, all right? >> we should start a countdown, maybe, we should have a countdown not far away and i have to show you something, stuart. you remember when we first crossed dow 10 t,000, you rememr that and 6500 and then people were happy to see 10,000 again. now we're getting closer and closer, don't say we're not ready, okay? just saying. stuart: that's our new graphic, nicole, the hat. that's the new graphic. nicole: i'll be ready with it. stuart: keep it up, nicole. we're up 142 points. the crisis for obamacare rolls on and worse.

hate to have negatives on a day like this. fed of carolina declaring the entire law illegal. a new law passed the state house and said na obamacare is now null and void. get this, president obama's nominee for commerce secretary is one of the richest people in america, how much is she worth? is there any outrage about the billions that she has? time for 7 early movers on the jobs market day. better than expected profits at weight watchers. january the 1st everybody goes on a diet and weight watchers doing well, up 6%, 8%? what is that? 8%, thank you, next week that graphic gets bigger so i can read it. and fleet corps helps manage employee spending and business is good. the company raised its forecast, the stock is up. and zag makes accessories for your mobile phone and the company lowered its outlook and it's down 27%. regulators recommend against

cancer therapy, not good for that stock, it's down, what, 17? 47%, that's a drop. arena withdraws its application to sell its weight loss therapy in europe. 8% down. do you like herbal tea? celestial is down 2%. disappointing outlook from linkedin, it's one of the big losers of the day, 9 1/2% down, however, that's in a sea of winners, look at this, the dow jones industrial average is now 12 and change away from 15,000. watch out, everybody, looks like we're closing in. we talk about this a lot on the program, ben prints money and the stock market goes up. it keeps on hitting records, but i want to know, how does money printing move from ben into stocks? i want the mechanism, i want to follow the chain and we will next. announcer: where can an investor

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get the hearing aid that can. lyric from phonak. lyric can. >> as you're watching the dow close in on 15,000, we've got the response from the white house to today's unemployment numbers. alan krueger, chief vi-- he says let's replace the sequester with the balanced budget-- we're 12 points and change away from 15,000, watching it closely. joining the company now from washington, james cresten with the american bankers association, before we get to the link between ben printing and stocks going up, i've got to see a smile on your face because the dow is straight up, decent unemployment. are you guys going to start

making loans again? >> well, we're happy to make loans, banks are aggressive trying to make loans and the issue really has been business is so uncertain about their future that they're not quite as willing to borrow. we're quite anxious to meet meet the loan demand. stuart: here is something we've been watching for a time and never had to explained to me. ben bernanke prints money. explain to me how does the money go from ben printing into the stock market? give me the chain. >> well, the chain i think is actually fairly simple. what the fed is doing, it is buying, so that means it is bringing in those securities, it throws that in its vault and it puts 85 billion in cash out on the market and because it's pushed the price of treasuries up and the interest rates down, it means that those are not good

investments, so, what investors do, whether it's hedge funds, pension plans they look for riskier alternatives and that often means stocks. >> when it buys-- when the federal government buys the mortgage-backed securities, who gets the money, that 40 billion? >> well, whoever held those securities, right? those securities are out there, mortgage-backed securities are in the market and it's a pretty big market out there, hopefully that will grow he over time, so, those securities are issued in the market and the fed wants to pull them off and throw them in the vault and replace that with cash. now, that cash has to go somewhere and it typically goes into higher risks types of assets. >> so that's a legitimate thing to say then, ben prints, stocks go up, because other investments like bonds, for example, they return you virtually nothing, so investigators go to stocks because that's where the return is, is it that simple? that's how it works?

>> well, i think it actually in the simplest terms, that's how it works. now, what are they trying to do? they're trying to keep interest rates low and that stimulates businesses to borrow more and expand because their return on investment is better so they're encouraging that. they're trying to get the wealth up and have the wealth effect and as people feel wealthier as the stock market goes up and it's going up today, as we know, then people are more interested to buy goods and services that they might have not bought in other circumstances. so, they're trying to get money out to not only expand, but to get consumers more interested in buying and building that confidence back. >> we thank you indeed for joining us, he we wanted a simple explanation about printing money in the stock market. you gave it to us. thank you. >> thank you. stuart: where is gold? everything is up from stocks to commodities and oil, but gold is down a fraction. we're down a buck. 1466 is the price of one ounce

of gold as of this friday morning. another train wreck for you, it's not obamacare. no, it's not. we're talking about lindsay lohan. apparently she just up and left rehab. nowhere to be found. what is going on with that? monica crowley, charles payne, they have opinions on everything and they're here. ♪ where do you go, my lovely ♪ ♪ where do you go, i want to know, my lovely ♪ we went out and asked people a simple question:

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>> why is the dow approaching 15,000? because we have what i would call a solid report on employment. new jobs created, the unemployment rate went down. now this. where in the world is lindsay lohan? she was supposed to check into a rehab center in long island and ended up skipping out because they wouldn't let her smoke cigarettes. she flew to california and claimed she would enter a rehab situation. what do we do with lindsey. >> she's struggling big time, in and out of courts for a long time. no parental support. none of the judges have actually

thrown her in jail, therefore, i think none of her have done her any favor. she belongs in prison where she-- >> she can't get the drink or anything else. monica: scared straight, help from the court system. stuart: do you think it would work? >> everything else has been tried and failed. stuart: monica and charles are winners and more comments about everything coming up. and democratic senator max baucus called obamacare a train wreck. one state says that the president's health care law is illegal, null and void. the latest hit for the white house and guess what? it's headed back to the supreme court. and president obama's commerce secretary nominee, one of the richest americans, a billionaire, is she paying her fair share? is there any outrage about this billionaire in the cabinet? find out next. you can't say 'one size fits all'. it doesn't. that's crazy.

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the two may 3. jobs friday. the dual normal blokes just a little better. a solid employment report and stocks go straight up. null and void. the train wreck gets worse. google glasses arrived.

i will take them for a test drive. there was supposed to be some animation there. that is why i paused. we are, i am trying to do the math, 22 and change away from 15,000. and then there is this, president obama just nominated one of the wealthiest people in america to be the new secretary. longtime obama supporter. major fundraiser. he still needs to be confirmed by the senate. monica, do you have any outrage? >> i do not. though well obviously came from somebody's hard work down the

line. i do want to point out -- he is part of that group. where are the occupied wall street folks? i would like to see penny redistribute some of her wealth. charles: she is. she is redistributing her wealth amongst cayman islands. >> the fisker family has offshore tax havens. charles: wire money to president obama.

anyone. she mayhap at this job a long time ago. let's get back to the idea of commerce secretary. she has inherited the money. what she has done businesswise, to me, has been nothing. >> she would be pounded into the ground. they set up occupied wall street to pound mitt romney into the ground. stuart: what is with that? charles: welcome to a yankees game. >> it is not the american way. stuart: let's go back to the big

story. the participation rate unchanged. 210,000 people came back into the labor force. charles, i am calling that a solid report. charles: it is an underperforming job report that you would expect normally. we should actually be going double of this. we really are celebrating mediocrity. stuart: 330,000 jobs revised. charles: that should be a typical number. we have seen postrecession recovery. we know the blueprint already.

listen, if you want to quiver with it, i am worried about obamacare. we will see if that is the trend. >> if the labor force was at the same level it was when obama entered office, we would be at 10.9%. stuart: we are still 10.9 jobs short of what we were. south carolina the claire's obamacare null and void. a new law could prohibit it from going into affect. they say it is unconstitutional. the new health law will go back to the supreme court. what is that all about? >> both of these issues raise the amendment. this new lawsuit represents a

couple of individuals. if i lived in a state that has not accepted the federal exchanges, then can i be exempt from obamacare as a result of it. they are challenging it. it is all about states rights versus the federal government. it is not over yet. stuart: no. this crisis goes on. we still have a solid rally. the dow jones industrials now up about 140 points. we approached 15,000 back off a little bit. i want to bring in nicole petallides. blackberry. what is going on with that? nicole: we are saying this .to the upside. there are some issues.

stuart: it has not hit the stock at this point. nicole: correct. stuart: one of jerry brown's solutions. let prisoners go free early. that is not all. he may turn to private industry for a solution. we will have more on that at 10:25 a.m. google last. the newest dog dare i call it a gadget, it really is bearing some buzz. this is a wearable computer with

a heads up display. before we demonstrate what this is all about, you think this is the next new, big thing that will push smart phones out. >> i really do. i think this is transformative, revolutionary. i think it really has a lot of incredible potential. maybe not in this form. it is kind of clunky, dorky looking. i have been wearing this for about two days now. i come to you from the future. stuart: do you use it? >> it is remarkably easy. a handful of little gestures.

i am seeing a tiny little screen appear. we have a demonstration. stuart: is that it? what you are seeing on your screen right now is what jeremy is seeing through google glasses. now, can you change that thing verbally? >> yes. it is voice control. it is directed to my cell phone, of course. i put four or five contacts in there. i can make calls directly from this. stuart: what would you say? call mom? >> you would type it once. make a call to -- i am not actually going to do it.

you want to give it a try? stuart: this could be revolutionary. >> okay. >> it should activate immediately when you put it on your face. stuart: okay. like that. what do i do? i want the weather forecast. >> cockpit. do it again stuart: weather forecast. new york. today. it is telling me to get lost. [ laughter ] stuart: nothing is happening. okay, class. google. weather. new york. today. it works. it is a female voice talking to

me. it will be 56 degrees and clear. >> this thing is so futuristic. everything about it is revolutionary. it is crazy. i think it will eventually be compacted. there is a little sunglass model. it will make you look exactly like the terminator. this may be the way we wear glasses in the future. stuart: if i want to change it, i just tap it again? the time comes up. i want directions. >> you say, okay glass. stuart: okay glass. directions. directions to boston from new york. it is doing it. >> it has a gps built into it.

right now it is using the gps from my cell phone. stuart: lucky star, 59th street. >> it will probably have a challenge doing that. stuart: there is a map of new york city. it is rights, it is not right, but it is amazing. >> everybody is worried about privacy. it is not constantly recording. stuart: monica, do i look good? >> hot. you look hot, stuart. stuart: can i keep them? [ laughter ] >> these are very limited.

save the waitress at your restaurant, although orders get filtered in right there. charles: you look like the villain in the next bond movie. where is the market? [ laughter ] charles: 2014. stuart: can i take them off? i just lift them; right? it is really remarkable. i have to figure out how to use it properly. fantastic. >> i do not know what the actual product will cost. stuart: thank you very much for joining us. that was cool. the kentucky derby tomorrow. and juleps are set to flow. shares of jim beam are up.

nicole: people will be talking about it on facebook for sure. we saw it on the rise. they make jim beam. they make pinnacle vodka. of course, skinny girl margarita's are on there as well. stuart: i insist on putting google glass back on and see if i can still read the prompter. i can. apparently $100,000 welfare benefits for the boston bomber families. i will break that down next. ♪

♪ stuart: we are characterizing it as a solid jobs report this morning. 165,000 jobs created last month. the participation rate remained at just over 63%. that is a very low number, by the way. the s&p 500 broke 1600 this morning. check the big board right now. we are up 156. eleven points and change away from 15,000. barnes & noble teaming up with

google. shares of barnes & noble are up on that news. take another look at kraft foods. ♪ ng is how like us these chimpanzees are. [ laughing ] [ woman ] can you hear me? and you hear your voice? oh, it's exciting! [ man ] touchdown confirmed. we're safe on mars. [ cheers and applause ] ♪ hi. [ baby fussing ] ♪ given way to sleeping. tossing and turning have [ baby fussing ] where sleepless nights yield to restful sleep, and lunesta eszopiclone can help you get there, like it has for so many people before. do not take lunesta if you are allergic to anything in it. when taking lunesta, don't drive or operate machinery until you feel fully awake.

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charles payne will do a follow-up on jobs he has recommended in the past. charles: this follow-up is based on earnings. we have ruth chris which is one of my favorites. you can see the percentages. stuart: hold on a second. charles: solar play. you like that one when i did it. stuart: it is up 24 points. charles: 3d. it is a volatile stock.

those are games since i mentioned them. stuart: protesters gathered as the body of tamerlan tsarnaev was claimed last night. the funeral home picked up his body. they were then transformed to an undisclosed place. the two young men and their family, they got at least $100,000 welfare benefits. thank you very much for joining us this morning, joe. number one, could you break down that $100,000 number?

what was it? food stamps? >> food stamps. section eight housing. it is also mass health. also ebt. that is a card you can carry around to get cash withdrawals. tamerlan tsarnaev got help with his community college. $5500 plus. dzhokhar tsarnaev got a scholarship from ms. city of cambridge. stuart: it is a big number. food stamps, housing subsidies, health care subsidies, a cash card, help with community college and help with a scholarship that adds up to over

$100,000. were they flat out entitled to all of this or were they in any way cheating? >> we do not know. 500 pages of welfare documents have been sent to and oversight committee. what we do know right now, they qualified for it. massachusetts is one of the top eight states in the country for benefits. if you come here from a foreign land, we will help you out. people are questioning that. also a welfare system that has been troubled for years. they do not keep track of their money. they do not keep track of their recipients. stuart: the two young men and their mother and father have been getting all this money, what is the feeling in boston? is there real outrage about this? >> there is. people want to know. today, we report in the herald that the two candidates for the senate seat, the republican and

democrat, they are saying this has changed. there'll out the playbook. open up the records. tell people exactly what these two brothers were getting. what about umass dartmouth? was dzhokhar tsarnaev getting money there? he was there with this friends. this could be a lot more money. stuart: we really appreciate you being with us today. our viewers, i tell you, they really want to know. thank you. >> you're welcome. stuart: we very may well hit 15,000. we are up 166. 3.5 points away from 15,000. why don't we leave that up for a moment. we could see 15,000.

14996. come on, somebody, by something big. it has not been a very good week for president obama. is the president already a lame duck? we will have more on that. my take is next. ♪ stuart: i hope you caught that, before this break rules, 15,000. are we happy now? do we now go to the commercial break that we interrupted? i am not sure. 15,000.

we did hit it. why did we hit it? why are we there? because we got what i think is a solid earnings report. nicole: it got pretty loud on the floor. i was actually reading something and not watching the dow at the moment. it finally breaks through and the trading floor got really loud. a great day for the bulls, obviously. a monumental day here on wall street. dow 15,000. stuart: do you have that path available? nicole: i always have my american have plagued from the patriots. hello dow 15,000.

it says fox business on the back. i am proud to wear it. i think a lot of people are happy they made some money today. let's celebrate. stuart: charles, i think you did say this was going to come a few months ago. do you think it will hold at 15,000? charles: like everybody else, i expect a correction. stuart: what is primarily driving this thing? charles: corporate earnings. the feeling that maybe we are turning. maybe we hit a bottom. copper is to achieve. goal is to achieve. we are nowhere near where we have been with other tops.

stuart: i am sure a lot of it investors are very pleased to see this. monica. >> after so many years, it is easy money and 0% interest rates. there is really no place else for this money to go except to the market. charles: when people say back, though volumes have been anemic. it will definitely play in. stuart: nicole petallides was on the floor when we had 15,000. nicole: he already has his dow 15,000. by the way, these say fox business on the back. we had 15,000. >> you cannot fight the fed. you cannot write the central

banks. here we go. new highs. nicole: do you think we transpire or pullback? >> i have been looking for a correction. i think you will get a chance to buy them cheaper. i think the market will continue higher. i do not take we are done with that. i did not think that we would get here this quickly. it is great. stuart: thank you very much, indeed. 8:30 a.m. eastern time, we got the latest unemployment report. i will characterize that report as solid. it went down to 7.5%.

it went down even though 210,000 people moved into the labor force. that is a reversal of the recent trend where people were dropping out of the labor force. 165,000 new jobs created last month. that is not a great number by any means. the numbers for february and march were revised sharply higher. 332,000 jobs in march. 138,000 jobs created. the participation rate stayed at a very low level. the rate stayed right up there close to 14%. however, this has been taken as a significant plus for the economy. it suggests that the economy is growing. up goes the target. 15,003 for the dow.

charles: another thing is psychology. a lot of people that the adp number would be under 100,000. stuart: i was expecting before we got the number, they would say doom and gloom. he had a huge smile on his face. okay. there we have it. we have reached 15,005. first time we have ever seen that before. ♪ stuart: here is my take on what i think has been a pretty bad week for the president and america, at least until today. we are a financial program. we will not get into the president's problems.

we will stick with the money. fast start to the week on monday when it emerged that the irs has given $13 billion too much in refunds to poor people who had not paid a dime in the first place. then we found that the administration had been -- on the welfare front, it gets worse. massachusetts governor, he did not want to lose it. though boston bomber family had received $100,000. your money went to them. obamacare. a train wreck. then, senator reed, yes, it is a train wreck he said.

to avoid it, we must spend more money. i do not think any of those should take any pleasure in the problems our president is running into. after all, we are in this together. this is $100,000.

we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger,

you need an ally. ally bank. your money needs an ally. ♪ stuart: smile, everybody. we are at 15,005 on the dow jones industrials. a solid rapport -- a solid employment report. twenty-nine of the dow stocks are now up. pfizer is unchanged. merck is now on change. everything else is up this morning. the s&p 500, much broader-based. almost all of them are up as well. obamacare. the hits just keep on coming.

it is not just hurting the president politically, it is also hurting businesses directly. we have the chairman and ceo of new bases. this medical device tax hurts you, your company? >> unquestionably. we are roughly a $700 million company. we have to curtail 200 jobs this year. the bottom line hits about $10 million for us. we could not grow the way we anticipated rowing this year. stuart: it sounds like a small packs. you laid people off because of this directly? >> yes. 200 people. stuart: you have to show that out. you are firing them. laying them off.

>> every two weeks. stuart: that interrupts your cash flow. stuart: how about innovation? you are in an innovation field here. >> for example, we would be putting a lot more into our in the. we are having to go outside the united states a lot more to do our clinical trials because of the heavy burdens with fda in the united states. it is a whole series of events that have made it very difficult for us to do business. and we are california based. stuart: there were 70 or 72 votes in the senate to repeal this medical device tax.

do you hold out any hope that it will be repealed? >> yes. there seems to be some support in the house. there seems to be some support in the senate. we will see what happens. stuart: i want to know what you do. you created this product. you open up someone's spinal cord, you stick in your device and it helps. that is a rather crude way of putting it, but is that how it works? >> it sounds terrible. [ laughter ] >> we do it through a very small incision. we do it all. beside. what we have done is taken major spine surgery and turned it into an outpatient surgery.

i have had the procedures done. about five years ago. it is a remarkable procedure in that you are able to get right back to activity. stuart: it relieves pain. >> it will get you back on your feet literally the same day, if not the next. it has been a huge advance. stuart: your stock symbol -- you have been in business for ten years. thank you very much for joining us. >> i appreciate it. thank you. stuart: how does an online video go viral? apparently, it is not as random as you may think. we will tell you how videos like this blow up all across the internet. just take a look. ♪

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the dow past 15,000 stayed there. look at it now, 15,008. participation rates stayed at just over 63%. that is a very, very low level. the february and march revisions. look at that. we created 332,000 new jobs in february. way more than originally reported. that is why the dow is up so much. the national average for gallon of gasoline is $3.52. ♪

stuart: the dow is up 174 points. there is one big winner. nicole: taken about that caterpillar. the best performer right now on the dow jones industrials. i should be wearing my hat for this hit. can you toss me a hat? we are sitting above the 15,000 mark. that is a big deal as we sit at these levels. i know you thought at&t microsoft to the downside at one point, but then we had all 30 dow components in the green. stuart: you look good in the

hat. we are happy to be at 15,000. this is a good day. earlier, we brought you charles is a list moneymakers. however, he will now update us on the losers list. ♪ charles: it will be short. the biggest loser i have had so far is american ralph. i am shocked they got hurt on the earnings. stuart: american rail. charles: yes. these cars are huge. without a dow, that is my biggest loser right now. stuart: what is that? charles: they lease out equipment. since you recommended it, it was down 3%. 22% loser.

i am not sure why it is down. eastern chemical had a disappointment. stuart: the only three losers. charles: i did not even talk about stamps or -- there is a lot more. i want people to take advantage of this. stuart: viral commercial. you posted them on facebook. what exactly makes a video go viral? unruly media viral video expert is with us now. debra, welcome to the program. >> thank you. stuart: you have it down to a science. you can tell what will go viral. by that i mean, 1 million views? if i come to you and say,

deborah, i want to make a video and i want it to go viral, could you tell me how to do that? >> we can. stuart: how much doou charge? >> we will talk later. there are two key things to consider. you need to make the viewer feel something strongly. they need to have a huge positive response when watching your video. they need to feel happiness, shock, nostalgia. we have a whole list of emotions. stuart: what is that? a dancing baby? that went viral? >> it did. stuart: you think that makes people feel good? >> you cannot watch it without smiling. they are surprised. you do not expect to see these babies dancing. stuart: it will be positive. it will bring a smile to your face. what else? >> it can do any of those

things. it needs to hit a couple of these emotional responses. then you need to have a reason to share it. it needs to matter in your life. you may know someone with a baby. maybe there is a shared passion. videos go viral because they are about a cause. people want to support this cause. stuart: this is how people support your service. i, the video maker, i can make a lot of money. >> absolutely. this is part of what we do. stuart: i can see this. okay. i walk into your office. i want to make a viral video. you will give me advice on how to do it. how much will you charge me? >> less than you think, actually. stuart: tell me how much.

i am a walk in off the street. >> the answer is it depends. stuart: the content is politics. i have used my british accent because some people like it. how much? >> under $20,000. stuart: do you offer a guarantee it will go viral? >> we can tell you your share rates. not every video is then to end that way. stuart: thank you. good luck. governor jerry ground he wants to let inmates go to ease overcrowding. you'll never guess who he is asking for help. covering it all in a moment. ♪ we went out and asked people a simple question:

how old is the oldest person you've known?

we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪

♪ stuart: read this and smile. the dow is up of 15,000. it is holding there. gerri brown wants to get to set

prisoners free. he also wants to move thousands of prisoners to private lockups. >> first of all, it is incredible. stuart: it must be cheaper than the state system. stuart: state prison guards in california that have broken the bank. >> i am shocked at this. charles: it is absolutely amazing. that means they are in deep financial trouble. someone better check. stuart: this weekend, tomorrow, that will be the 139th running of the kentucky derby.

anybody got a favorite here? >> i know nothing about these horses. i only go with the sentimental drawl. i am a huge world war ii fanatic. i will go with that force. >> i know. charles: i am going to take a shot with frack daddy. falling sky. stuart: why is out for me? charles: charming kitten. >> oh, i love that. he is such a flatterer. stuart: the highlight reel. here we go. it is next. ♪ pparently my debit card is.

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stuart: a very special highlight reel. roll it, please. dare i call it a gadget? it really is generating some buzz. >> i think this is transformative. some people are calling it the next big apple laptop or cell phone. >> there are some issues. charles: you look like the villain in the next james bond movie. stuart: that is where we end it. i have a lindsay lohan update for you. she is at a rehab facility. we found her. any comments on google last? charles: i was a skeptic. this thing is pretty have. stuart: you say whether.

it came right up there. there is a voice. i hear voices in my head. [ laughter ] stuart: it was right there. >> i tried it on during the commercial break. very futuristic. stuart: wearable computing power. very easy. charles: the way it is designed, i am a little worried. stuart: he is a white guy and he is from a black family. who do we have? is it connell? dagen and connell. connell: yes. both of us are here. dagen: name him. connell: that is right. thank you, stuart. have a good weekend.

dagen: good morning. i am dagen mcdowell. connell: i am connell mcshane. the jobs report was pretty good. the expectations. dagen: 20 somethings with no job. connell: jamie dimon cannot escape the spotlight. dagen: another weekend with warren. he is now on twitter. those stories and more coming up on markets now. ♪ connel